After 'somewhat lower' 2013, Nokian expects 'profitable growth' next year

摘要

UPON ANNOUNCING its third quarter 2013 results, NokianTyres points out that although its group sales decreased 3.0 per cent year-on-year to {EUR}357.0 million in the three months to 30 September, the company's profitability remained strong and it improved market share. Operating profit rose 11.9 per cent to {EUR}95.7 million and profit for the period amounted to {EUR}70.9 million. Earnings per share were up {EUR}0.08 to {EUR}0.53. "Our strong market leader position in the core markets in Russia and Nordic countries is intact and we managed again to increase both market share and our distribution footprint in all markets," commented Nokian Tyres president and CEO Kim Gran. "The newly launched Hakkapeliitta tyre range has set new standards for winter tyres. It has been very well received by both consumers 'and distributors, helping us to maintain average prices, to improve sales mix and to book reasonably good results."